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Wisconsin FHA 203k Loans the Series Part 2: The Guidelines

Posted 10-14-2011 at 01:59 PM by madisonmortgage (Wisconsin Mortgage: FHA, VA, USDA, No Money Down, 203k, Refinance, Jumbo, Interest Only and First Time Home Buyer)



Welcome to Part 2 of our Wisconsin 203k series. Today we are going to cover the guidelines of the two types of 203k financing.

When purchasing or refinancing with a 203k loan the eligible mortgage amount is based of the projected value of the home after the improvements are completed. The appraisal is a two step process, the as-is value and the value after...
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Wisconsin FHA 203k Loans the Series Part 1: Types Available

Posted 09-01-2011 at 02:48 PM by madisonmortgage (Wisconsin Mortgage: FHA, VA, USDA, No Money Down, 203k, Refinance, Jumbo, Interest Only and First Time Home Buyer)



Welcome to Part 1 of our Wisconsin 203k series. Today we are going to cover why a 203k loan would be used.

There are 2 types of the Wisconsin 203k loans – the 203k rehabilitation loan and 203k streamline. Both are very useful tools for those that are looking to improve a property they want to purchase or refinance. This program has gained a lot of popularity...
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Introduction to the Wisconsin FHA 203k Mortgage

Posted 06-08-2011 at 04:34 PM by madisonmortgage (Wisconsin Mortgage: FHA, VA, USDA, No Money Down, 203k, Refinance, Jumbo, Interest Only and First Time Home Buyer)
Updated 09-01-2011 at 02:44 PM by madisonmortgage



Today we will be giving you an overview of a very special loan program: the FHA 203k. This complex loan is a very useful tool for borrowers looking to purchase or refinance a property that needs improvements. This is becoming more and more popular as buyers are hungry for cheap foreclosed properties. Often these properties fall into poor condition because basic maintenance...
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